# State of Alaska, Department of Revenue

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1370102. Source: https://holderbook.com/funds/1370102-state-of-alaska-department-of-revenue/

- Reported value: $10.1B
- Positions: 2,173
- Weight of the ten largest: 28.0%
- Filed: 2026-07-20

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $544.7M | 2,722,160 | 5.4% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $519.6M | 1,795,685 | 5.2% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $340.3M | 912,272 | 3.4% | 31 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $269.4M | 1,130,355 | 2.7% | 31 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $234.5M | 656,321 | 2.3% | 31 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $228.5M | 646,823 | 2.3% | 31 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $210.5M | 557,125 | 2.1% | 31 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $186.4M | 161,494 | 1.9% | 31 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $153.3M | 272,235 | 1.5% | 31 |
| TESLA INC | [TSLA](https://holderbook.com/stocks/TSLA/) | $133.6M | 317,527 | 1.3% | 26 |
| ADVANCED MICRO DEVICES INC | [AMD](https://holderbook.com/stocks/AMD/) | $119.6M | 205,801 | 1.2% | 31 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $113.4M | 226,698 | 1.1% | 31 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $109.4M | 91,180 | 1.1% | 31 |
| WELLTOWER INC | [WELL](https://holderbook.com/stocks/WELL/) | $95.8M | 421,983 | 1.0% | 31 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $91.4M | 279,362 | 0.9% | 31 |
| INTEL CORP | [INTC](https://holderbook.com/stocks/INTC/) | $81.7M | 585,164 | 0.8% | 31 |
| JOHNSON & JOHNSON | [JNJ](https://holderbook.com/stocks/JNJ/) | $75.9M | 298,749 | 0.8% | 31 |
| PROLOGIS INC. | [PLD](https://holderbook.com/stocks/PLD/) | $75.4M | 556,435 | 0.7% | 31 |
| EXXON MOBIL CORP | [XOMXXXX](https://holderbook.com/stocks/XOMXXXX/) | $69.0M | 504,501 | 0.7% | 31 |
| APPLIED MATLS INC | [AMAT](https://holderbook.com/stocks/AMAT/) | $62.7M | 86,706 | 0.6% | 31 |
| EQUINIX INC | [EQIX](https://holderbook.com/stocks/EQIX/) | $61.3M | 58,816 | 0.6% | 31 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $59.0M | 502,429 | 0.6% | 31 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $58.5M | 232,583 | 0.6% | 31 |
| VISA INC | [V](https://holderbook.com/stocks/V/) | $56.8M | 165,621 | 0.6% | 31 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $54.7M | 482,775 | 0.5% | 31 |
| MASTERCARD INCORPORATED | [MA](https://holderbook.com/stocks/MA/) | $54.4M | 105,897 | 0.5% | 31 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $53.1M | 122,533 | 0.5% | 7 |
| SANDISK CORP | [SNDK](https://holderbook.com/stocks/SNDK/) | $51.4M | 22,617 | 0.5% | 6 |
| COSTCO WHOLESALE CORPORATION | [COST](https://holderbook.com/stocks/COST/) | $51.0M | 54,531 | 0.5% | 31 |
| CATERPILLAR INC | [CAT](https://holderbook.com/stocks/CAT/) | $48.1M | 45,130 | 0.5% | 31 |
| AMERICAN TOWER CORP | [AMT](https://holderbook.com/stocks/AMT/) | $45.5M | 278,221 | 0.5% | 31 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $44.8M | 107,746 | 0.4% | 31 |
| SIMON PPTY GROUP INC NEW | [SPG](https://holderbook.com/stocks/SPG/) | $42.8M | 191,265 | 0.4% | 31 |
| KLA CORP | [KLAC](https://holderbook.com/stocks/KLAC/) | $42.6M | 141,045 | 0.4% | 31 |
| PROCTER & GAMBLE CO | [PG](https://holderbook.com/stocks/PG/) | $42.0M | 286,243 | 0.4% | 31 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $39.7M | 697,055 | 0.4% | 31 |
| WESTERN DIGITAL CORP | [WDC](https://holderbook.com/stocks/WDC/) | $39.3M | 61,509 | 0.4% | 31 |
| MERCK & CO INC | [MRK](https://holderbook.com/stocks/MRK/) | $38.5M | 299,881 | 0.4% | 31 |
| GE AEROSPACE | [GE](https://holderbook.com/stocks/GE/) | $38.2M | 102,228 | 0.4% | 17 |
| CHEVRON CORPORATION | [CVX](https://holderbook.com/stocks/CVX/) | $37.8M | 228,247 | 0.4% | 31 |
| DIGITAL RLTY TR INC | [DLR](https://holderbook.com/stocks/DLR/) | $37.1M | 206,818 | 0.4% | 31 |
| GOLDMAN SACHS GROUP INC | [GS](https://holderbook.com/stocks/GS/) | $36.8M | 36,404 | 0.4% | 31 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $35.2M | 194,769 | 0.3% | 31 |
| REALTY INCOME CORP | [O](https://holderbook.com/stocks/O/) | $34.5M | 557,127 | 0.3% | 31 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $34.4M | 97,592 | 0.3% | 31 |
| QUALCOMM INC | [QCOM](https://holderbook.com/stocks/QCOM/) | $33.5M | 181,341 | 0.3% | 31 |
| INTERNATIONAL BUSINESS MACHS | [IBM](https://holderbook.com/stocks/IBM/) | $33.4M | 118,932 | 0.3% | 31 |
| PALANTIR TECHNOLOGIES INC | [PLTR](https://holderbook.com/stocks/PLTR/) | $32.6M | 279,235 | 0.3% | 20 |
| COCA COLA CO | [KO](https://holderbook.com/stocks/KO/) | $32.5M | 400,074 | 0.3% | 31 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $31.5M | 440,986 | 0.3% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $30.9M | 26,330 | 0.3% | 9 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $30.6M | 146,487 | 0.3% | 31 |
| PUBLIC STORAGE | [PSA](https://holderbook.com/stocks/PSA/) | $30.0M | 94,353 | 0.3% | 31 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $29.1M | 198,604 | 0.3% | 31 |
| RTX CORPORATION | [RTX](https://holderbook.com/stocks/RTX/) | $28.8M | 151,650 | 0.3% | 25 |
| WELLS FARGO & CO | [WFC](https://holderbook.com/stocks/WFC/) | $28.4M | 343,909 | 0.3% | 31 |
| PALO ALTO NETWORKS INC | [PANW](https://holderbook.com/stocks/PANW/) | $27.1M | 79,463 | 0.3% | 13 |
| CITIGROUP INC | [C](https://holderbook.com/stocks/C/) | $26.8M | 191,406 | 0.3% | 31 |
| TEXAS INSTRS INC | [TXN](https://holderbook.com/stocks/TXN/) | $26.6M | 89,172 | 0.3% | 31 |
| VENTAS INC | [VTR](https://holderbook.com/stocks/VTR/) | $25.7M | 289,334 | 0.3% | 31 |
| MARVELL TECHNOLOGY INC | [MRVL](https://holderbook.com/stocks/MRVL/) | $25.6M | 85,788 | 0.3% | 1 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $25.4M | 598,832 | 0.3% | 31 |
| LOWES COS INC | [LOW](https://holderbook.com/stocks/LOW/) | $23.8M | 107,796 | 0.2% | 31 |
| LINDE PLC | [LIN](https://holderbook.com/stocks/LIN/) | $23.5M | 45,302 | 0.2% | 14 |
| TJX COS INC NEW | [TJX](https://holderbook.com/stocks/TJX/) | $23.2M | 153,083 | 0.2% | 31 |
| AMPHENOL CORP | [APH](https://holderbook.com/stocks/APH/) | $23.0M | 130,382 | 0.2% | 31 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $22.7M | 62,806 | 0.2% | 31 |
| ANALOG DEVICES INC | [ADI](https://holderbook.com/stocks/ADI/) | $22.6M | 56,782 | 0.2% | 31 |
| AMERICAN EXPRESS CO | [AXP](https://holderbook.com/stocks/AXP/) | $22.5M | 66,462 | 0.2% | 31 |
| PEPSICO INC | [PEP](https://holderbook.com/stocks/PEP/) | $22.4M | 165,331 | 0.2% | 31 |
| IRON MTN INC DEL | [IRM](https://holderbook.com/stocks/IRM/) | $22.3M | 176,638 | 0.2% | 31 |
| SEAGATE TECHNOLOGY HLDNGS PL | [STX](https://holderbook.com/stocks/STX/) | $21.2M | 21,971 | 0.2% | 17 |
| CURTISS WRIGHT CORP | [CW](https://holderbook.com/stocks/CW/) | $21.1M | 27,841 | 0.2% | 31 |
| CADENCE DESIGN SYSTEM INC | [CDNS](https://holderbook.com/stocks/CDNS/) | $20.2M | 53,866 | 0.2% | 31 |
| DATADOG INC | [DDOG](https://holderbook.com/stocks/DDOG/) | $20.1M | 77,149 | 0.2% | 16 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $19.7M | 260,516 | 0.2% | 31 |
| ABBOTT LABORATORIES | [ABT](https://holderbook.com/stocks/ABT/) | $19.7M | 217,278 | 0.2% | 31 |
| GILEAD SCIENCES INC | [GILD](https://holderbook.com/stocks/GILD/) | $19.7M | 155,936 | 0.2% | 31 |
| CORNING INC | [GLW](https://holderbook.com/stocks/GLW/) | $19.6M | 76,737 | 0.2% | 31 |
| ALTRIA GROUP INC | [MO](https://holderbook.com/stocks/MO/) | $19.5M | 270,980 | 0.2% | 31 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $19.3M | 931,476 | 0.2% | 31 |
| CROWDSTRIKE HLDGS INC | [CRWD](https://holderbook.com/stocks/CRWD/) | $19.0M | 24,940 | 0.2% | 16 |
| MCDONALDS CORP | [MCD](https://holderbook.com/stocks/MCD/) | $18.8M | 69,617 | 0.2% | 31 |
| THERMO FISHER SCIENTIFIC INC | [TMO](https://holderbook.com/stocks/TMO/) | $18.3M | 36,412 | 0.2% | 31 |
| EXTRA SPACE STORAGE INC | [EXR](https://holderbook.com/stocks/EXR/) | $18.2M | 125,298 | 0.2% | 31 |
| CAPITAL ONE FINL CORP | [COF](https://holderbook.com/stocks/COF/) | $18.0M | 89,651 | 0.2% | 31 |
| NEXTERA ENERGY INC | [NEE](https://holderbook.com/stocks/NEE/) | $17.9M | 204,324 | 0.2% | 31 |
| BOEING CO | [BA](https://holderbook.com/stocks/BA/) | $17.3M | 80,040 | 0.2% | 31 |
| VICI PPTYS INC | [VICI](https://holderbook.com/stocks/VICI/) | $17.3M | 651,615 | 0.2% | 31 |
| ARISTA NETWORKS INC | [ANET](https://holderbook.com/stocks/ANET/) | $17.2M | 101,171 | 0.2% | 7 |
| ISHARES TR | [IJR](https://holderbook.com/stocks/IJR/) | $16.9M | 114,016 | 0.2% | 7 |
| GRAHAM HLDGS CO | [GHC](https://holderbook.com/stocks/GHC/) | $16.7M | 14,652 | 0.2% | 31 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $16.4M | 170,146 | 0.2% | 31 |
| PFIZER INC | [PFE](https://holderbook.com/stocks/PFE/) | $16.3M | 676,905 | 0.2% | 31 |
| EATON CORP PLC | [ETN](https://holderbook.com/stocks/ETN/) | $16.2M | 38,047 | 0.2% | 31 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $16.1M | 155,437 | 0.2% | 31 |
| SYNOPSYS INC | [SNPS](https://holderbook.com/stocks/SNPS/) | $16.1M | 36,020 | 0.2% | 31 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $15.8M | 58,173 | 0.2% | 31 |
| VERTEX PHARMACEUTICALS INC | [VRTX](https://holderbook.com/stocks/VRTX/) | $15.8M | 31,836 | 0.2% | 31 |
| CONOCOPHILLIPS | [COP](https://holderbook.com/stocks/COP/) | $15.7M | 151,322 | 0.2% | 31 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +15.0% | +14.8% | +0.1% | 100% |
| Q1 2026 | -2.9% | -4.6% | +1.7% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +7.3% | +7.8% | -0.5% | 100% |
| Q2 2025 | +8.2% | +10.5% | -2.3% | 100% |
| Q1 2025 | -4.4% | -4.6% | +0.1% | 100% |
| Q4 2024 | +0.7% | +2.1% | -1.5% | 100% |
| Q3 2024 | +6.8% | +5.4% | +1.3% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $10.1B | 2,173 |
| Q1 2026 | $9.2B | 2,192 |
| Q4 2025 | $9.4B | 2,204 |
| Q3 2025 | $9.8B | 2,081 |
| Q2 2025 | $9.3B | 1,583 |
| Q1 2025 | $8.8B | 1,581 |
| Q4 2024 | $8.9B | 1,587 |
| Q3 2024 | $9.4B | 1,600 |
| Q2 2024 | $8.9B | 1,605 |
| Q1 2024 | $8.8B | 1,598 |
| Q4 2023 | $8.4B | 1,602 |
| Q3 2023 | $7.9B | 1,610 |